Depreclation by Two Methods; Sale of Fixed Asset requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On March 4 of Year 5 , the equipment was sold for 591,500 . Required: following methods: b. Double-declining-balance method 2. Journalize the entry to record the sale assuming that the manager chose the double declining-balance method. If an amount box does not require an entry, leave it blank. 3. Journalize the entry to record the sale in (2) assuming that the equipment was sold for $78,600 instead of 591,500 . If an amount box does not require an entry, leave it blank